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PRICE$1,590,000 dsIDX morgage calculator
BATHS 8 baths
HOME SIZE 3,238 sq ft
LOT SIZE 8,781 sqft

This is a two-story Spanish Palladian single family residence currently being used as an income property, along with a detached Guest house. It currently brings in $9,310 per month, with one vacancy which usually rents out for $900 per month. The property will not be delivered empty at close of escrow, Buyer must calculate relocation expenses into price. This property is not registered with Rent Stabilization/Rent Control, but maybe categorized under these laws where tenants are eligible for relocation money. This SFR is ideal for a Buyer looking for strong supplemental income to help pay their mortgage and live rent free! On the other hand, a patient investor looking to reposition the property can capture its immediate upside, given its tremendous location and quality architecture. The annual income is consistly over $110,000, making this property +/- 4.6 CAP RATE ON EXISITING INCOME. The property has deferred maintenance and needs to get upgraded. Seller will only open escrow with Buyer with NO Physical inspection contingency, no exceptions. Buyer must conduct their physical inspections and hire 3rd party upfront. Guest house adds an additional 346 square feet to the leasable square footage on the premises, tax assessors show 2,892 square feet. Buyer to conduct their own independent investigations, Agents nor Seller makes no representations or warranties implied or expressed. The large lot provides plenty of rear parking with striped spaces in the backyard.

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Listing provided by : Jay Martinez CalDRE: 01954238, Hudson Commercial Partners, In

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 1/16/19 7:48 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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